Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.124%
Price spread now: Lighter RH against SunX+0.073%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2672.669% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.073%, 7d avg −0.017%
=Together, before fees+0.200%+ Points / potential airdropLighter RH: Points live · farm board+$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.090% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PONS-USDT | 0.5911 | 0.0100 | pay 0.0050% / 4h | 1h 48m | — | $1.3M | 10x |
| Short | Lighter RH PONS | 0.5916 | 0.0096 | get 0.0012% / 1h | 48m 32s | $405K | $2.6M | 3x |
SunX PONS-USDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.073% → −0.017%
- $9
- Slippage, 4 orders
- −$258.87
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$258.72
- Costs to cover
- 2.669%
- Break-even
- never at this rate
Slippage from SunX: live order book, 5 min ago; Lighter RH: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SunX live order book, 5 min ago | 105.50 bp | 124.6 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 3.90 bp | 9.9 bp −$10 | 44.1 bp −$441 | doesn't fit | doesn't fit |
PONS on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0032% | 1h | 0.5905 | −0.111% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.981% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.5916 | +0.073% | $405K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5914 | +0.042% | $21K | $420K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5920 | +0.139% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5896 | −0.260% | $69K | $131K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5892 | −0.333% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDTlong | +0.0100% | 4h | 0.5911 | long leg | — | $1.3M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5912 | +0.003% | $25K | $586K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5907 | −0.073% | $64K | $525K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5909 | −0.042% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0224% | 1h | 0.5913 | +0.017% | $368 | — | 3x | as long as short |
| Gate PONS_USDT | +0.0270% | 4h | 0.5910 | −0.025% | $5.3M | $6.3M | 20x | as long as short |
| Hyperliquid PONS | +0.0330% | 1h | 0.5915 | +0.059% | $60.1M | $29.6M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0416% | 4h | 0.5913 | +0.025% | $13.4M | $55.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0459% | 1h | 0.5914 | +0.046% | $91K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0472% | 4h | 0.5918 | +0.113% | $1.1M | $2.2M | 20x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5916 | +0.081% | $45K | $68K | 3x | as long as short |
| Binance PONSUSDT | +0.0559% | 4h | 0.5915 | +0.059% | $37.2M | $98.5M | 20x | as long as short |
| MEXC PONS_USDT | +0.0564% | 4h | 0.5914 | +0.042% | $7.5M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0568% | 1h | 0.5914 | +0.051% | $101K | $811K | 5x | as long as short |
| edgeX PONSUSDC | +0.0584% | 4h | 0.5897 | −0.245% | $20K | $294K | 10x | as long as short |
| Variational Omni PONS | +0.0644% | 4h | 0.5912 | 0.000% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0660% | 4h | 0.5913 | +0.032% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0662% | 4h | 0.5916 | +0.081% | $4.7M | $12.2M | 20x | as long as short |
| Lighter PONS | +0.0792% | 1h | 0.5918 | +0.117% | $1.6M | $828K | 3x | as long as short |
| BloFin PONS-USDT | +0.0805% | 4h | 0.5908 | −0.059% | $1.7M | $957K | 20x | as long as short |
| Bybit PONSUSDT | +0.0842% | 4h | 0.5913 | +0.025% | $17.6M | $31.5M | 20x | as long as short |
| BingX PONS-USDT | +0.0848% | 4h | 0.5912 | +0.008% | — | $3.0M | — | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5894 | −0.296% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Gate PONS_USDT
Hyperliquid PONS
OKX PONS-USDT-SWAP
Polymarket Perps PONS-USD
Aster PONSUSDT
Pacifica PONS
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
Variational Omni PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
Lighter PONS
BloFin PONS-USDT
Bybit PONSUSDT
BingX PONS-USDT
Phoenix PONS